What Is Your “Year-End Inventory Value”? This is the total dollar value of all products in your warehouses as of the end of your fiscal year. We adjust your inventory account in QuickBooks to ensure the balance in your warehouse matches the balance in QuickBooks. Why Do We Do This? We do not have direct…
Right now in the e-commerce sphere, there’s something akin to a modern gold rush happening, and it’s being fueled by Amazon aggregators. “This is the largest movement you will see in the next two years,” said Steven Pope, founder of My Amazon Guy. “I’m very bullish. I believe we’re going to see massive amounts…
You’ve found a great product, done all the research, determined that you have a hot seller with little or no competition, and finally sent in your order. As your inventory begins to land in Amazon’s warehouses, you start to notice something peculiar…your inventory isn’t selling, and competitors are dropping their prices precipitously. Just a few…
If you run an e-commerce business, you have the opportunity to sell to anyone anywhere in the world! And yet, despite this tremendous advantage, many online sellers steer away from the global market due to the complex nature of foreign transactions and all the fees that come with it. But what if we told you…
If you’re reading this article, chances are you’re one of thousands of Amazon sellers who are now required to carry insurance per the company’s new policy. And if you find yourself wondering if it really matters which provider you pick, we’re here to tell you that it does. Much like car insurance, product liability insurance…
If you’re an Amazon seller who has managed to skate by without product liability insurance, that may not be the case for much longer. Last month, Amazon announced a new policy requiring sellers who have made at least $10k in sales for any given month to carry product liability insurance. The new policy, which…
Have you ever stayed in a relationship longer than you should have? Forced yourself to go to an event you were dreading because the tickets had already been paid for? Held onto clothes you don’t wear because they were expensive? All of these are examples of the “sunk cost effect.” Also known as the sunk…
The explosion of the e-commerce industry in recent years has given rise to a number of Amazon agencies that claim to help sellers grow their online businesses. But is there any merit to this claim? To find out, we spoke to Chris Yeakey, founder of Black Caiman Media, a full-service Amazon agency and consultancy. His…
It’s every entrepreneur’s worst nightmare: a failed business. Unfortunately, that “nightmare” is all-too-common a reality for new business owners, as evidenced by a 2019 study showing that 11 out of 12 startups fail. Put another way, your chances of succeeding as an entrepreneur are a little less than one in 10. Ouch! Of course,…
Generally speaking, entrepreneurs do NOT like competition! And can you really blame them? As a business owner, competition makes things a lot more… let’s just say… challenging. But what if that’s not necessarily a bad thing? In fact, what if (bear with us here) the challenges brought on by competition lead to better products and…